Latest Nissan Motor Co Ltd News

Japan's Nissan returns to profit, forecasts profit for year

Jul. 28, 2021 05:48 AM EDT

TOKYO (AP) — Nissan reported a 114.5 billion yen ($1 billion) profit for the April-June quarter as its sales and profitability improved, especially in the U.S. market. The Japanese automaker says it expects to return to profit for the fiscal year through March 2022,...

American father, son get Japan prison terms for Ghosn escape

Jul. 19, 2021 04:32 AM EDT

TOKYO (AP) — A Tokyo court handed down prison terms for the American father and son accused of helping Nissan’s former chairman, Carlos Ghosn, escape to Lebanon while awaiting trial in Japan. Michael Taylor was sentenced Monday to two years in prison, while his son...

Nissan CEO tells Tokyo court Carlos Ghosn had too much power

Jul. 07, 2021 05:26 AM EDT

TOKYO (AP) — Nissan Chief Executive Makoto Uchida told a Japanese court on Wednesday that the company’s former chairman, Carlos Ghosn, had held too much power, failed to listen to others, and stayed on for too long. Uchida said Wednesday that those were factors that...

Prosecutors seek prison for Americans in Ghosn escape trial

Jul. 02, 2021 06:04 AM EDT

TOKYO (AP) — The trial in Tokyo of two Americans charged with helping Nissan’s former chairman, Carlos Ghosn, flee Japan wrapped up Friday with prosecutors seeking prison terms of more than two years for each of them. The Americans, former Green Beret Michael Taylor...

Nissan CEO promises turnaround for disgruntled shareholders

Jun. 22, 2021 00:57 AM EDT

TOKYO (AP) — Nissan Chief Executive Makoto Uchida pleaded for patience from disgruntled shareholders Tuesday and promised a turnaround at the Japanese automaker, which is projecting a third year of losses as it struggles to distance itself from a scandal over its former chairman, Carlos...

Americans stand trial in Japan, accused in Ghosn's escape

Jun. 14, 2021 06:17 AM EDT

TOKYO (AP) — Two Americans charged with helping former Nissan chairman Carlos Ghosn flee Japan while he was facing accusations of financial misconduct agreed Monday that they took part in a scheme for him to escape the country. Statements by Michael Taylor and his son,...

EXPLAINER: Who are Americans on trial in Ghosn's escape

Jun. 12, 2021 21:20 PM EDT

TOKYO (AP) — Americans Michael Taylor and his son Peter Taylor go on trial in Tokyo on Monday on charges they helped Nissan's former chairman, Carlos Ghosn, skip bail and flee to Lebanon in December 2019. HOW DID THE TAYLORS END UP IN JAPAN? The...

American on trial in Japan gets support from ex-boss Ghosn

May. 26, 2021 03:40 AM EDT

TOKYO (AP) — Former Nissan chairman Carlos Ghosn has backed his former colleague American lawyer Greg Kelly’s insistence he is innocent of any wrongdoing. Ghosn said in an interview with The Associated Press in Beirut, Lebanon, on Tuesday that Kelly, a former Nissan...

Key events in arrest, flight of ex-Nissan boss Carlos Ghosn

May. 26, 2021 01:28 AM EDT

A timeline of key events that began with Carlos Ghosn’s assignment to Japanese automaker Nissan Motor Co. by its French alliance partner, Renault SA: June 1999 — Renault sends Ghosn to be chief operating officer of Nissan. June 2001 — Ghosn...

Defiant Ghosn pins hopes on French probes to clear his name

May. 26, 2021 01:24 AM EDT

BEIRUT (AP) — Auto magnate-turned-fugitive Carlos Ghosn is campaigning to clear his name, and hopes a visit by French investigators to his home in exile in Lebanon will be his first real opportunity to defend himself since the bombshell arrest that transformed him from a visionary to a...